CANADA DIRECTORS
May 1st, 2004
BY MONICA DOBIETHE BASIC pay of directors at 58 of the 60 largest Canadian public companies increased dramatically in 2003, due to longer working hours and the need for more attractive incentives to lure American talent. A Report on Business survey, published in the country's Globe and Mail newspaper, found that base retainers paid to directors climbed 28 per cent in 2003 from 2002. The jump is a whopping 61 per cent, if share grants to directors are included, with many companies increasingly relying on this form of remuneration. David O'Brien, chairman of Royal ...
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